Santander Everyday Long Term Balance Transfer Credit Card – Full Overview

A Comprehensive Review of Santander’s Longest Balance Transfer Offer for UK Borrowers

The Santander Everyday Long Term Balance Transfer Credit Card is designed for UK consumers looking to spread the cost of existing credit card debt over a long period without paying interest. With an extended 0% balance transfer period of up to 31 months, this card stands out as one of the longest balance transfer offers currently available in the market. However, its value depends on how strategically you use it — and whether you meet the eligibility criteria.

Key Benefits

• 31 months 0% interest on balance transfers (3.45% fee, minimum £5)
• 0% interest on purchases for 3 months after account opening
• No monthly account fee
• Access to Santander’s Online and Mobile Banking for account management
• Competitive for debt consolidation without early repayment penalties

This makes the card particularly attractive for individuals with high-interest balances elsewhere, aiming to reduce monthly interest charges while making manageable repayments.

How It Works

Once approved, you can request to transfer up to 95% of your available credit limit from other UK credit cards (excluding Santander-branded cards). The balance transfer fee is applied immediately and included in your account balance. As long as you pay at least the minimum monthly repayment on time, your transferred balance will remain interest-free for the full promotional period.

At the end of 31 months, the standard variable APR of 24.9% will apply to any remaining balance. Purchases made after the 3-month introductory purchase period will also accrue interest at the same standard rate unless paid in full.

Representative Example

If you borrow £1,200 at a purchase rate of 24.9% p.a. (variable), your representative APR will be 24.9% (variable), assuming a credit limit of £1,200.

Eligibility Criteria

To apply, you must:

• Be aged 18 or over
• Have a permanent UK address
• Earn at least £10,500 annual income
• Not currently hold another Santander Everyday credit card
• Have a good credit history with no recent defaults or County Court Judgements (CCJs)

Comparative Table – UK Balance Transfer Market

Feature / Provider	Santander Everyday Long Term	Barclaycard Platinum 0% BT	Virgin Money 32-Month BT
0% BT Period	31 months	29 months	32 months
BT Fee	3.45% (min £5)	2.99%	3.45%
0% on Purchases	3 months	3 months	None
APR after Promo	24.9% (variable)	24.9% (variable)	23.9% (variable)
Annual Fee	£0	£0	£0

Primary Use Cases

1. Debt Consolidation – Combining multiple credit card balances into one repayment at 0% interest.
2. Short-term Purchase Financing – Using the 3-month 0% purchase period for large essential expenses.
3. Cash Flow Management – Reducing monthly outgoings by removing high interest from current balances.

Cost–Benefit Analysis

While the 3.45% transfer fee means this isn’t a “no-fee” balance transfer card, the extended 31-month promotional period can make it highly cost-effective for larger balances. For example, transferring £3,000 from a card charging 29.9% APR could save over £1,800 in interest charges over the 31 months, even after paying a £103.50 transfer fee.

The main drawback is the relatively high standard APR after the promo ends, making it important to plan repayments carefully.Continue to Page 2 for a step-by-step usage guide, advanced repayment hacks, non-obvious FAQs, and a breakdown of alternative UK credit cards worth considering in 2025.